Latvia: Laser Market 2020

Laser Market Size in Latvia

The revenue of the laser market in Latvia amounted to $X in 2018, waning by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, laser consumption continues to indicate a deep curtailment. The growth pace was the most rapid in 2011 when the market value increased by X% y-o-y. Latvia laser consumption peaked at $X in 2008; however, from 2009 to 2018, consumption remained at a lower figure.

Laser Exports

Exports from Latvia

In 2018, approx. X units of lasers, other than laser diodes were exported from Latvia; waning by -X% against the previous year. In general, laser exports continue to indicate an abrupt setback. The pace of growth appeared the most rapid in 2013 when exports increased by X% year-to-year. In that year, laser exports attained their peak of X units. From 2014 to 2018, the growth of laser exports failed to regain its momentum.

In value terms, laser exports totaled $X in 2018. Over the period under review, laser exports continue to indicate outstanding growth. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. Latvia exports peaked at $X in 2017, and then declined slightly in the following year.

Exports by Country

In 2018, China, Hong Kong SAR (X units) and China (X units) were the key exporters of lasers, other than laser diodesin the world, together committing X% of total exports. Taiwan, Chinese (X units) took an X% share (based on tons) of total exports, which put it in second place, followed by Japan (X%).

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Japan (+X% per year), while the other leaders experienced mixed trends in the exports figures.

In value terms, China, Hong Kong SAR ($X), China ($X) and Japan ($X) were the countries with the highest levels of exports in 2018, with a combined X% share of total exports. These countries were followed by Taiwan, Chinese and Latvia, which together accounted for a further X the main exporting countries, Latvia (+X% per year) recorded the highest rates of growth with regard to exports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the laser export price in Latvia amounted to $X per unit, dropping by -X% against the previous year. Overall, the laser export price, however, continues to indicate extraordinary growth. The pace of growth appeared the most rapid in 2016 an increase of X% against the previous year. Over the period under review, the export prices for lasers, other than laser diodes reached their peak figure at $X per unit in 2017, and then declined slightly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Japan ($X per unit), while China ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, Hong Kong SAR, while the other leaders experienced more modest paces of growth.

Laser Imports

Imports into Latvia

In 2018, the imports of lasers, other than laser diodes into Latvia totaled X units, falling by -X% against the previous year. Overall, laser imports continue to indicate a drastic reduction. The pace of growth appeared the most rapid in 2011 with an increase of X% y-o-y. Over the period under review, laser imports attained their peak figure at X units in 2008; however, from 2009 to 2018, imports failed to regain their momentum.

In value terms, laser imports stood at $X in 2018. In general, laser imports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. In that year, laser imports attained their peak of $X. From 2009 to 2018, the growth of laser imports remained at a lower figure.

Imports by Country

In 2018, China (X units), China, Hong Kong SAR (X units) and Vietnam (X units) were the main importers of lasers, other than laser diodes in the world, generating X% of total import. The U.S. (X units) took the next position in the ranking, followed by Luxembourg (X units). All these countries together occupied approx. X% share of total imports. The following importers - Argentina (X units) and Japan (X units) - together made up X% of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Luxembourg (+X% per year), while the other leaders experienced mixed trends in the imports figures.

In value terms, China ($X) constitutes the largest market for imported lasers, other than laser diodes into Latvia, comprising X% of global imports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of global imports. It was followed by Japan, with a X% share.

In China, laser imports expanded at an average annual rate of +X% over the period from 2007-2018. The remaining importing countries recorded the following average annual rates of imports growth: the U.S. (+X% per year) and Japan (+X% per year).

Import Prices by Country

The laser import price in Latvia stood at $X per unit in 2018, jumping by X% against the previous year. Over the period under review, the laser import price continues to indicate an extraordinary increase. The pace of growth was the most pronounced in 2009 when the import price increased by X% against the previous year. In that year, the import prices for lasers, other than laser diodes reached their peak level of $X per unit. From 2010 to 2018, the growth in terms of the import prices for lasers, other than laser diodes remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Japan ($X per unit), while Argentina ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Vietnam (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform